U.S stock market mixed

DJIA index moving upward, but both S&P500 & Nasdaq take bearish path. The latest movement happened as profit-taking hit the technology sector, which has rallied this year. Traders focusing on the FOMC minutes of meeting. In the minutes of the meeting, central bankers expressed concern on the inflation and labor market. Most agreed that a rate-cut is not an urgency for now. At the end of the week, traders will focus on Jerome Powell speech, which might direct the next market direction.

Dow Jones Industrial Average (INDU)

DJIA index bearish pressure reversed today as the index move above the opening level. A bullish breakout could happen, but traders might want to wait until this week Jerome Powell speech to get confirmation. The index could turn lower again to retest the red trend line or the orange trend line. There is chance of bullish breakout too and continuation to new record high.

Hims & Hers Health, Inc (HIMS)

HIMS share prices trading lower and almost reached the daily SMA 200. The share prices might find support near the current level and bounce upward. Traders could consider scaling-in long positions with stop below the daily SMA 200 or $31.00 level. If the share prices start moving upward from the current level, it might start another bullish leg to target the swing high.